TechFlow news — On December 19, CryptoQuant CEO Ki Young Ju posted on social media: "Domestic assets such as the Korean won are completely unattractive. The government fails to recognize this and insists on artificially propping up prices, which is exactly what’s causing the exchange rate to surge. The USDT trading on Upbit has reached exchange rate levels comparable to those seen during the IMF crisis. Personally, I believe massive national wealth is currently flowing out of the country. Many wealthy individuals I know are leaving South Korea. Isn't the outflow of national wealth essentially a report card reflecting a nation's metacognitive ability?"
He further stated: "The government shouldn’t forcibly retain capital fleeing overseas, but instead should consider how to encourage capital to return voluntarily. We need to cultivate industries, offer incentives for investors, and open up business opportunities. I hope these pointless regulations will stop. Since I don’t fully understand domestic politics, I don’t know who could bring about such change. As a South Korean company, I’ve persisted here for seven years, but now I’m also considering whether I should leave Korea. It’s just so frustrating."
